1/2/2010
Crazy year so far. Stay tuned for something big to happen… let’s see how this will all play out…
- -Tishman Real Estate to miss payment on a commercial loan of over $5 billion on a massive New York apartment complex, the 2nd largest default in commercial real estate loans in history.
- -California declares an economic emergency.
- -Employment figures stink.
- -Apartment vacancies hit record highs.
- -Foreclosures are setting new records.
- -Consumer credit in the US drops a record $17.5 billion.
Know the REAL STATES… YES THE GOVERNMENT LIES!
- Broader December Unemployment Rates Notched Higher,
U-6 at 17.3%, SGS at 21.9% (I guess as they say… “if my neighbor loses there job it’s a recession, if I lose mine… it’s a depression”, who’s next??)
- December Household Employment Reported Down by 589,000
- December Payroll Employment Probably Shrank by About 500,000
“No. 270: December Employment Report ”
http://www.shadowstats.com
Jeff Coga
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